Volume 92 · 914
Public Law 95–415
Providing financial assistance for the city of New York.
Approved October 5, 1978
Statutory text
Joint Resolution
Providing financial assistance for the city of New York.
Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,
That
New York City, financial assistance.
Ante, p. 460.
the Secretary of the Treasury is authorized to guarantee the payment of principal and interest on loans in accordance with the provisions of the New York City Loan Guarantee Act of 1978 in amounts not to exceed $1,650,000,000 in principal outstanding at any time, and there is hereby appropriated effective October 1, 1978, such amounts as may be necessary for payment of principal and interest on loans in default and guaranteed pursuant to the New York City Loan Guarantee Act of 1978, to remain available until September 30, 1998.
Approved October 5, 1978.